Working with Partnerships 2022

Course Chair
Marie-Claire Dy — Blake, Cassels & Graydon LLP, Vancouver

About the Course Chair
Marie-Claire Dy is a Partner in the Tax Group at the Vancouver office of Blake, Cassels & Graydon LLP.  She advises clients on corporate income tax and commodity tax matters with a focus on mergers and acquisitions, corporate and partnership reorganizations, financings and Canadian tax issues relating to international and cross-border transactions. Her clients range from small business owners to multinational corporations.

On the personal income tax side, Marie-Claire counsels high net worth individuals and foreign clients on all aspects of tax planning including the establishment, operation and reorganization of businesses and succession planning.

A practical and straightforward person with tremendous tax acumen, Marie-Claire acts as a trusted advisor to her diverse client base. She is especially admired for her responsiveness and her ability to translate complicated matters into simple language.

Marie-Claire has been recognized as a leading lawyer in the publication The Best Lawyers in Canada 2022 (Tax Law). She is a former governor of the Canadian Tax Foundation and former chair of the CBA Tax Section (BC Branch).

Faculty
Arash Amouzgar — Blake, Cassels & Graydon LLP, Vancouver
Peter Bychawski — Blake, Cassels & Graydon LLP, Vancouver
Patrick Deutscher — McCarthy Tétrault LLP, Vancouver
Parveen B. Karsan — Karsan Law Group, Burnaby and Vancouver
Jennifer MacGregor-Greer — Michael,  Evrensel & Pawar LLP, Vancouver
Zarria McKearney — Articled Student, Blake, Cassels & Graydon LLP, Vancouver
Roger Taplin — McCarthy Tétrault LLP, Vancouver
Shauna Towriss — Cassels Brock & Blackwell LLP, Vancouver

Click here for full faculty bios

Welcome and Land Acknowledgement (9:00 – 9:10)

Marie-Claire Dy — Blake, Cassels & Graydon LLP, Vancouver

General Partnerships (9:10 – 10:00)

• strategic considerations in forming partnerships
• rights, liabilities, and relationship between general partners
• ownership of assets and assignment of debts
• practical tips on drafting partnership agreements
• dissolution of partnerships
• practical implications of dealing with partnerships

Jennifer MacGregor-Greer — Michael,  Evrensel & Pawar LLP, Vancouver

BREAK (10:00 – 10:15)

Limited Partnerships (10:15 – 11:05)

• strategic considerations in forming partnerships
• rights, liabilities, and relationship between general partners
• ownership of assets and assignment of debts
• practical tips on drafting partnership agreements
• dissolution of partnerships
• practical implications of dealing with partnerships

Shauna Towriss — Cassels Brock & Blackwell LLP, Vancouver

Joint Ventures (11:05 – 11:55)

• what is a joint venture?
• the rationale for a joint venture and key considerations
• contractual joint ventures versus corporate joint ventures
• negotiating and drafting agreements 

Patrick Deutscher — McCarthy Tétrault LLP, Vancouver
Roger Taplin — McCarthy Tétrault LLP, Vancouver

LUNCH (11:55 – 12:55)

Partnership Taxation (12:55 – 1:45)

• tax differences between joint ventures and partnerships
• tax aspects of different types of partnerships (GP's, LP's, LLP's)
• strategic tax considerations
• red flags and when to seek tax advice

Parveen B. Karsan — Karsan Law Group, Burnaby and Vancouver

BREAK (1:45 – 2:00)

Insolvency Issues in Partnerships (2:00 – 2:50)

• how does a partnership "go bankrupt"?
• the effect of bankruptcy proceedings on both partnerships and partners
• how is partnership property distributed?
• reorganizations of partnerships

Peter Bychawski — Blake, Cassels & Graydon LLP, Vancouver

Setting Up a Private Equity Fund (2:50 – 3:40)

• how are private equity funds structured?
• when to set up a related fund vehicle
• specific partnership agreement terms 

Arash Amouzgar — Blake, Cassels & Graydon LLP, Vancouver
Zarria McKearney — Articled Student, Blake, Cassels & Graydon LLP, Vancouver

Closing Comments (3:40 – 3:45)

Marie-Claire Dy — Blake, Cassels & Graydon LLP, Vancouver